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[...] One consequence of rapid industrialization was bringing huge numbers of former peasants together into new factories where they rapidly got absorbed into trade unions and were quickly radicalized. But now since workers don’t stick around in the factory long enough to be politicized, to be draw…

I think this was a very flawed analysis, and it remains so now. It imputes to capitalists a motive and an interest that they’ve never had. Capitalists have always and everywhere had only one interest, which is making profits.

I guess this belies the notion that there was this national bourgeoisie that was in any way inherently progressive, or was a natural partner of the working class.

Marketize, privatize, deregulate: the Washington Consensus mantra dominated policy in the developing world for a quarter century. For most the recipe was a disaster.